/biz/ - Business & Finance

>>21420811
Buy coins on Shakepay with Interac etransfer. That's that. But remember: every single trade is taxable, so keep track of it all somehow from the start of it'll be a huge pain in the ass later. The CRA won't know you're trading crypto....until you try cashing out, so stay compliant.

>>21420811
Very easily.....??

>>21420811
Oh and if you do anything other than buy once and hold it'll count as income instead of capital gains so you'll pay tax on the full amount. Even if you buy and hold, the CRA might view it as "adventure in the nature of trade" and therefore fully taxable instead of the capital gains usual 50%.

fiat exchanges:
https://web.newton.co/r/A7FLVF
https://shakepay.me/r/YKQEJNP

rest are trash. once you change your nuck bucks in you can go on other exchanges like binance or bitmex

>>21420811
Kracken you can do bank wire transfers. Limit 100k

Coinberry you can do e-transfers limit 4k (daily)

Coinbase has a 1k weekly limit to buy with.

This is how you fund. I usually buy Eth or btc and use that to trade for alts in binance and the other exchanges.

>>21420943
I used coinberry since shake pay was down yesterday is this based?

>>21420907
You think they would do analysis on my wallet from shakepay? I made a $40 profit swinging linkies, otherwise I haven't traded anything. You think they'd come after someone over pennies? I'm focusing on just buying dips and accumulating different tokens for now, and I dont plan on cashing out for years if at all

In Canada, what in your opinion is the max/month to cash out without declaring it and without too much risks? 1000$?

>>21420907
I've been writing down the money I've been putting into coinberry in a notebook. Is there something I can read that goes into detail with all the tax stuff?

>>21421109
https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency.html
This is where to start. As long as you've kept a record of everything it's all good. If you have a large volume of trades there are various sites that can help with that (they read your wallets and exchanges via API and figure out each transaction's taxes), like Koinly.io. What you don't want to do is lie on your taxes, if you said you made no gains in a given year because you never cashed out, but then cash out in a future year...well, you'll have to make corrections to the earlier years' taxes, and that can carry with it fines and interest if it's any sizable amount owed.

>>21420811
Shakepay is the way to go in Canada. Even went there in person in Montreal, it's one of the few jew-free place, in a jew city. Kind of based.
https://shakepay.me/r/HQVGIVK

>>21421041
i've used shakepay once fees are a ripoff
newton is a dealer but their rates are better and you don't have to worry about slippage; check it out it's the exact same rates as crypto.com so I think it's very competitive.
i've used quadriga, coinsquare, and coinsmart in the past.

>>21420939
jesus and here i thought burgers were the most cucked country lel
>tax for holding lel

>>21420811

Imagine enjoying that shitty ass flick.

>>21421215
Thanks brother, I've just been keeping track of the money that leaves my bank account should I include trading coins and appreciation?

>>21420939
CRA will try to collect
the cunt tree will be collapsing by the time all the rent seekers in the bureaucracy figure it out:
https://youtu.be/vDADy9b2IBM
America will take over Canada and then Mexico shortly after
welcome to the North American Union
The (((CRA))) will have to arrest me and still I won't give them any crytpo. I refuse to fund state enforced sodomy and Christian/Jewish genocide. I refuse to pay taxes to nazi hitler

>>21420811
I hear QuadrigaCX is a very reputable exchange.

>>21421855
that’s fine stay in stable coins

>>21421894
>I hear QuadrigaCX is a very reputable exchange.
lol
https://cointelegraph.com/news/most-crypto-users-think-quadrigacx-ceo-faked-own-death
I even used them at the time
however, I'm not a retard and never stored anything on their exchange

>>21421933
I heard they literally mailed envelopes full of cash to users who withdrew fiat from them. Honestly pretty based

>>21421910
>that’s fine stay in stable coins
move out of urban and sub-urban areas
luckily the population in canada is small, so we have good odds of moving into the countryside and waiting for this all to burn
grocery stores will be closed
bread lines will be a normalcy
women will be selling themselves to feed their children
gangs will be roaming around looking to loot and steal whatever they can get their hands on
I have government agencies and institutions as clients and even they are 6+ months late to pay out our invoices
we are witnessing the collapse of yugoslavia now on a worldwide scale
there will be rolling blackouts and internet outages
there will be rations and welfare dolled out
shipping lanes will be cut off
Canada is too small of a population to justify the level of bureaucracy we live under
currently I have 4 levels of government sitting on my neck:

-municipal
-regional
-provincial
-federal

all four levels are failing and collapsing before our eyes
this was long overdue
you wouldn't believe the amount of grifting and outright fraud and lack of productivity in these bureaucracy's

>>21422077
>Canada is too small of a population to justify the level of bureaucracy we live under
>currently I have 4 levels of government sitting on my neck:
-municipal
-regional
-provincial
-federal
this will all be merged into the North American Union

>>21421855
>America will take over Canada and then Mexico shortly after
>>21421855
>The (((CRA))) will have to arrest me and still I won't give them any crytpo. I refuse to fund state enforced sodomy and Christian/Jewish genocide. I refuse to pay taxes to nazi hitler

https://youtu.be/Cxe_q9rFTI8
https://youtu.be/jDK3VF34dDE

>pic related
your canadian tax dollars will go into funding justin trudeau's private island

>>21422139
>pic related
>your canadian tax dollars will go into funding justin trudeau's private island
I'm not joking

>>21422173
lol ik I just want my money up

>>21422555
>I just want my money up
cheggged

>>21422077
>we are witnessing the collapse of yugoslavia now on a worldwide scale
https://youtu.be/vDADy9b2IBM

study the collapse of yugoslavia and prepare accordingly

>>21422139
I don’t mind paying some taxes, but Canada actually steals from their citizens through ridiculous taxes so they can give it away to their friends and family while never improving the country. Fuck everybody in Canada is too busy complaining about trump instead of seeing the real crook who’s destroying their own country.

>>21422679
>Canada actually steals from their citizens through ridiculous taxes so they can give it away to their friends and family while never improving the country
state enforced sodomy/pedophilia/cannibalism
>pic related

>>21422679
Canadian politics is just spectating American politics so I'm not reading all that I'm making my money

>>21422708
>state enforced sodomy/pedophilia/cannibalism
and CSIS spies on us for posting on 4chan (https://youtu.be/dszXCHbvJYY))
meanwhile:
>pic related

>>21422744
tru

>no gun loicense to go hunting
>maybe a month or two's worth of food
i got crypto though. i'm screwed in a collapse.

>>21421487
No problem! Trading a coin is a taxable event (e.g buying ETH with your BTC, or buying LINK with your ETH). I do strongly recommend using a site like Koinly to keep track of that, since you have to know the equivalent in CAD value of each asset when they were traded and whether that constitutes a profit or loss based on that one trade, and that sort of historical information can be a real pain to keep track of so it's nice for all of it to be automated. The CRA won't ask for details, they'll just want your net profit/loss or whatever, but it's still good to have a full record if you were ever god forbid audited (very unlikely! but it can happen).

>>21422744
part of me wants to be a glow nigger

>>21421231
Montreal is fucking gay

>>21423232
>part of me wants to be a glow nigger

>>21423254
>Montreal is fucking gay
montreal is spookjob city:
https://archive.4plebs.org/pol/thread/270245502/
https://en.wikipedia.org/wiki/Allan_Memorial_Institute

https://en.wikipedia.org/wiki/Ravenscrag,_Montreal

https://en.wikipedia.org/wiki/Project_MKUltra

As a Canadian, I want this Frankenstein of a nation to collapse and be absorbed into the US.

Are there logs for uniswap transactions? I used a coinbase wallet. Just flipped some hex as it went up. Rest of my trades are on IDEX or Coinbase so I imagine it'll be easy to see those logs. Thanks frens.

>>21423297
>As a Canadian, I want this Frankenstein of a nation to collapse and be absorbed into the US.
same
I will work towards those ends
I'm tired of the pedophiles in our institutions and their enablers (aka the rent-seekers in the bureaucracy)

>>21422077
>Canada is too small of a population to justify the level of bureaucracy we live under
>currently I have 4 levels of government sitting on my neck:
-municipal
-regional
-provincial
-federal

>>21423049
Thank you for the help vro would you recommend I update koinly in real time as I'm trading or just put everything in once taxation time comes?

>>21423295
Montreal is filled with immigrants and faggots. You know its shit since people barely speak french there now.

>>21423049
Is using Koinly all you would really have to do?

>>21423380
>Montreal is filled with immigrants and faggots
I've been there for business trips
they've had permanent highway construction for years with no end in sight
I swear the airport hires only muslims at the pierre elliott trudeau airport
did not feel safe

in related news:
https://globalnews.ca/news/7275265/car-explosion-kitchener-courthouse/

>>21421894
>mfw used Quadriga for 3 months in late 2018 to buy my Linkies

The partnership they had with CanadaPost was super convenient, thank fuck i wasnt hodling anything on there though

>>21423049
This scares me so fucking much that I unironically feel like I will either never cash out or need to move out. I started in 2017 and had no idea what I was doing, traded a bunch of shitcoins all over the place, never kept track of anything because I never even invested in something before, I was also losing a shit ton of money so taxes were not at all a concern (plus I don't even know if there was a clear law back then about crypto to crypto tax). Point is, I have tried retrieving all my transactions record and it's literally impossible, a lot of data is completely missing from the face of the earth. At this point I don't know what to do, I've just been keeping at it while avoiding to worry about taxes because every time I think about how fucked my situation is I want to off myself

>>21423596
If you made no money or barely any money from it no one gives a fuck

>>21423596
did you have a net profit? just report your net profit, if you can't figure out the CRA won't either. If it's less than $10k they won't care don't even bother reporting it

>>21423822
>>21423859
I did end up making good gains which is why I'm worried, feels like i'll never actually get to use the money unless I'm ready to cash out and be charged some insane penalty fees for not reporting properly. I wish they kept it simple, why did they have to put a crypto to crypto tax, keeping track of that would require as much time as the actual trading itself for fuck sake

>>21423859
what if its a large amount. I am going to prison aren't I?

>>21424187
>I am going to prison aren't I?
we all are if we roll over to this